OTTAWA, ONTARIO–(Marketwired – Jan. 16, 2017) – Aura Silver Resources Inc. (TSX VENTURE:AUU) (“Aura Silver” or the “Company”) announces that it has closed the first tranche of its non-brokered private placement of up to $500,000 (the “Offering”) announced on November 29, 2016. Aggregate proceeds of approximately $209,000 were raised on this first tranche for 5,977,737 units issued at $0.035 per unit.

Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 36 months following the date of issuance (“Warrants”).